Business

Rouble tumbles past 60 per dollar on oil slump 16 Dec 2014 - 12:22 am

MOSCOW: The rouble tumbled past 60 for the first time yesterday as traders tested Russia’s willingness to defend the currency amid an oil...

Women leaders debate financial career issues 16 Dec 2014 - 12:21 am

DOHA: The challenges facing women who wish to pursue a career in finance and accounting in Qatar were debated by a senior panel...

AirAsia X confirms order of 55 Airbus A330Neos for $15bn 16 Dec 2014 - 12:21 am

PARIS: Malaysian low-cost carrier AirAsia X confirmed yesterday its order of 55 long-haul A330Neo passenger planes from Airbus at a list price of...

Boeing wins aircraft order from new Canadian airline 16 Dec 2014 - 12:20 am

NEW YORK: US aerospace giant Boeing yesterday announced an order for five 737 MAX 7 aircraft from Jetlines, a new Canadian discount airline...

Chevron may pull out of $10bn shale gas deal 16 Dec 2014 - 12:17 am

KIEV: US energy major Chevron plans to withdraw from a $10bn shale gas deal with Kiev, a senior Ukrainian presidential official said yesterday....

Australian budget deficit set to balloon to $33.2bn 16 Dec 2014 - 12:17 am

SYDNEY: Australia’s budget deficit is forecast to balloon to Aus$40.4bn ($33.2bn) this financial year as the government struggles with a sharp slump in...

New EU insurance rules trigger deals 16 Dec 2014 - 12:16 am

LONDON/FRANKFURT: New, stricter capital rules for Europe’s insurers could spur takeovers and consolidation next year among the region’s 5,000 insurers, after recent stress...

Japan business confidence down in Dec quarter: BoJ 16 Dec 2014 - 12:16 am

TOKYO: Confidence among major Japanese manufacturers edged down in the three months to December, a quarterly central bank survey showed yesterday, underscoring the...

US brokerage BGC to buy UK rival RP Martin 16 Dec 2014 - 12:16 am

LONDON: US brokerage BGC Partners has agreed to buy London rival RP Martin, the latest step towards consolidation of an industry under pressure...

US factory output increases in sign of economy’s strength 16 Dec 2014 - 12:15 am

WASHINGTON: US manufacturing output recorded its largest increase in nine months in November as production expanded across the board, pointing to underlying strength...

India’s inflation rate flat, raising rate cut hopes 16 Dec 2014 - 12:14 am

MUMBAI: India’s wholesale inflation fell to a five-and-a-half-year low driven by ongoing falls in fuel and food prices, data showed yesterday, boosting expectations...

SpiceJet seeks state’s help as problems mount 16 Dec 2014 - 12:14 am

NEW DELHI: India’s cash-strapped SpiceJet airline, which announced the cancellation of nearly 1,900 of its domestic flights last week, sought “urgent relief” from...

Qatar economy to grow 7.7pc in 2015 15 Dec 2014 - 01:49 am

DOHA: Driven by non-hydrocarbon sector, Qatari economy is projected to grow by a robust 7.7 percent next year despite the pressure on oil...

Qatar Shell, QDB sign agreements with SMEs for new contracts 15 Dec 2014 - 01:46 am

QDB CEO Abdulaziz bin Nasser Al Khalifa, (eighth right) and Qatar Shell Chairman and Managing Director Wael Sawan (ninth right) with Qatari SMEs...

Qatar’s storage facility zone to attract QR2.77bn 15 Dec 2014 - 01:42 am

DOHA: The Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani (pictured), yesterday announced that investments of...

GWC to develop Bu Sulba logistics hub for QR685m 15 Dec 2014 - 01:40 am

Doha: Gulf Warehousing Company QSC (GWC) was awarded the contract to develop the Bu Sulba logistics hub during the “Manateq Storage Project” launch...

Opec will try to ride out price fall; chief defends policy 15 Dec 2014 - 01:38 am

DUBAI: Oil producers group Opec can ride out a slump in oil prices and keep output unchanged, its head said yesterday, arguing market...

Takata tightens screws on suppliers 15 Dec 2014 - 01:24 am

TOKYO: Takata Corp has begun enforcing tighter quality controls on a group of parts suppliers as the auto safety equipment maker boosts production...